Wed, Jul 23, 2014, 5:50 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

The Toronto-Dominion Bank Message Board

  • waverlyhillbillies waverlyhillbillies Feb 12, 2013 6:10 AM Flag

    Capital City Bank (CCBG) Tallahassee

    Acquisition of CCBG by TD would "plug" a hole in their FL market; I can see Hancock as a suitor as well. CCBG is essentially family-controlled & has been under the weather (forced to eliminate dividend). Under pressure from Wells Fargo & Regions; have also lost their "home town" bank mantle to newer, smaller startups. Selling well under book value; with takeover premium a double would not no be unreasonable. THINLY TRADED! There are days when it barely trades; 50,000 shares is a pretty big day for them. Disclosure: I own shares in CCBG. Oh, and it's wound tight as a coiled spring.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Hit a new high yesterday (only 4K shares traded!) Looks like a coiled spprriinngg. True, they only have 50 or so branches, but TD would be covering a good bit of territory in FL's Big Bend/Panhandle area. Acquisition would make sense; natural path of expansion. I'm sure TD would like to fly their flag in Destin.

 
TD
51.95+0.08(+0.15%)Jul 23 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.